Credit Cards Fees and Charges

Amount/Rate

Annual Fee:

Visa/MasterCard

• 15% p.a. (prompt payments for 12 consecutive months)

• 17% p.a. (prompt payments for either 10 or 11 months within the past 12 consecutive months)

• 18% p.a. (for card members who do not meet the above criteria)

18% p.a. of the cash advance/casino chips amount calculated on a daily basis from date of transaction.

Minimum Interest Charged

Minimum interest chargeable is RM2.00

Cash Advance Fees/Casino Chip Fees

The cash advance fee is 5% of the amount advanced or a minimum of RM15, whichever is higher. This is imposed for each cash advance/casino chips transaction.

Minimum Monthly Repayment

5% of the outstanding balance or a minimum of RM50, whichever is higher.

Late Payment Charge

1% of the outstanding balance due or RM10, whichever is higher, up to a maximum of RM100.00.

Interest – Free Period for Retail Transactions

20 days from the statement date provided that there is no outstanding balance in the cardholder’s account.
If cardholder opts to make partial or minimum payment, finance charges on retail transactions will be imposed from the day the transaction is posted to the card account.

Conversion for Overseas Transactions

The currency conversion rate is determined by Visa International & MasterCard Worldwide plus a standard administration charge of 1% and any transaction fee levied by Visa International and MasterCard Worldwide.

Statement Retrieval Fee

a) Current to 2 months

b) 3 to 12 months

c) Above 12 months

Free of charge.

RM5 per statement.

RM30.00 per statement.

Other Charges:

a)  Transaction Receipts Fee

b) Cheque Returned Fee

c)  Card Replacement Fee

d)  Over Limit Fee

RM25 per original copy and RM15 per duplicate copy.

A RM100 penalty fee will be imposed on cheque returned for non-technical reasons.

RM30.

5% of the total over limit amount or RM50, whichever is higher.